Charles is 54 years old and married, and his wife supports the family, too. He is a carpenter and has been in business for ten years. Right now his monthly income is KES 10,000. Charles is borrowing a loan of KES 70,000, which he intends to use to purchase timber for selling.
With the anticipated profit, Charles plans to expand his business to a big timber store in order to increase his carpentry stock. This is his third loan, and he successfully repaid his previous loan.
About VisionFund Kenya
VisionFund Kenya is dedicated to economically empowering its clients by providing financial services to improve living conditions of micro-entrepreneurs and their children across Kenya. VisionFund Kenya is the microfinance subsidiary of World Vision Kenya. Obtain more information on VisionFund Kenya from its website.